§ 180. Prohibitions against encroachment upon certain powers of\nprivate bankers, savings banks and savings and loan associations. Except\nas authorized by this chapter, no individual, either for himself or as\ntrustee, and no partnership or unincorporated association shall:\n (1) Engage in the business of receiving deposits;\n (2) Make use of the words "bank," "banker" or "banking" or any\nderivative or compound of any such words or any word or words in a\nforeign language having the same or similar meanings in any sign,\nadvertisement, circular, letterhead or in other written or printed\nmatter, in such manner as might indicate that such individual,\npartnership or unincorporated association is authorized to engage in\nbusiness as a bank or private banker;\n (3) As principal, agent
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§ 180. Prohibitions against encroachment upon certain powers of\nprivate bankers, savings banks and savings and loan associations. Except\nas authorized by this chapter, no individual, either for himself or as\ntrustee, and no partnership or unincorporated association shall:\n (1) Engage in the business of receiving deposits;\n (2) Make use of the words "bank," "banker" or "banking" or any\nderivative or compound of any such words or any word or words in a\nforeign language having the same or similar meanings in any sign,\nadvertisement, circular, letterhead or in other written or printed\nmatter, in such manner as might indicate that such individual,\npartnership or unincorporated association is authorized to engage in\nbusiness as a bank or private banker;\n (3) As principal, agent or trustee engage in the business of receiving\npayments of money in installments, for cooperative, mutual loan, savings\nor investment purposes in sums of less than five hundred dollars each\nunder a declaration of trust or otherwise;\n (4) Personally or by the publication or circulation of advertisements\nsolicit such payment of money to any unauthorized individual, trustee,\npartnership or unincorporated association or the execution of a\ndeclaration of trust to or a contract with, any unauthorized individual,\ntrustee, partnership or unincorporated association, under which such\npayments will become due and payable;\n (5) Engage in or conduct a business similar to the business of a\nsavings bank or of a savings and loan association, or promise to make\nloans at any time, either fixed or uncertain, upon real estate security\nfor building, home-owning, savings or investment purposes as an\ninducement for the payment of sums of money in installments of less than\nfive hundred dollars each to any unauthorized person, trustee,\npartnership or unincorporated association;\n (6) Engage in the business of transmitting money or receiving money\nfor transmission in any manner whatsoever; provided, however, that\nnothing contained in this paragraph shall apply to an individual,\npartnership or unincorporated association licensed pursuant to the\nprovisions of article thirteen-B of this chapter.\n Any person who shall violate any provision of this section shall be\nguilty of a misdemeanor.\n